Mark Zuckerberg founded Facebook – now Meta – in 2004, when he was still studying at university. His IPO in 2012 was one of the most anticipated for investors, although the current situation and the controversies surrounding him are complicating the existence of the company.
Now, one of the leading experts on mistakes in business leadership is predicting the worst for Zuckerberg. Bill George is a senior fellow at Harvard Business School and the former CEO of Medtronic, a medical technology company.
As explained to CNBC, Meta is going to do very badly as long as Zuckerberg is still thereas Meta’s CEO is probably one of the reasons people are moving further and further away from his company.
“I think that Facebook will not do well while he is there,” George explained to CNBC. “It’s probably one of the reasons so many people are walking away from the company. It’s really lost its way.”
This is how Mark Zuckerberg lives and spends his money, creator of Facebook and CEO of Meta, who now bases his strategy on developing the metaverse
In addition, George knows first-hand what types of leaders currently exist in companies, since he has been studying them for more than 20 years and has recently published his book True North: Leading Authentically in Today’s Workplace, Emerging Leader Edition.
According to his investigations, George has described Zuckerberg as a leader who has lost sight of his deepest beliefs, values and purposes, in favor of other qualities such as the desire for money, fame or power. The latter, doomed to failure.
Zuckerberg is a rationalizer, does not take advice and seeks glory
In his book, George specifies up to 5 types of bad bosses. Zuckerberg is categorized with up to 3 of them: he is a rationalizer, he does not accept advice or help and he seeks glory.
First, according to George, Zuckerberg is a leader who is unwilling to acknowledge or learn from his mistakes, but instead rationalizes them by blaming others for them. A clear example is blaming the competition for bad Meta decisions.
Second, the CEO of Meta has become a lone leader who prefers to ignore the advice of others. He does not accept any kind of help, so mistakes are not long in coming. Thus, Zuckerberg has become a kind of lone wolf.
However, something that the CEO of Meta tends to forget is that, at the beginning of everything, Facebook’s triumph came from listening to trusted personal advisors, something that he is forgetting.
Finally, George believes that Zuckerberg is a glory seeker, that is, that he puts fame and money before anything else. This is a great danger, as it can make leaders forget that extremes are not welcome to achieve this goal.
One of the clearest examples is that they have prioritized dubious ethical businesses related to privacy and politics over the large numbers of Meta users. Therefore, either Zuckerberg changes or the future of Meta is blurred with the passage of time.
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Mark Zuckerberg “has lost his way”: he is a bad leader who does not accept advice, is lonely and puts money and fame first, according to an expert